Discover the Top 7 Tools to Unearth the True Worth of Your Home

Looking to figure out how much your house is worth? You might want to sell it, refinance, calculate your net worth, or just get an idea of how it compares to similar properties. Thankfully, there are some handy online tools to help you with this.

In the past, you’d have to hire a professional realtor or appraiser to get an idea of your house’s market value. Nowadays, you can get a good ballpark figure from the comfort of your own home (literally), without spending a dime.

Just keep in mind that online tools aren’t always 100% precise. If you’re seriously planning to sell your home, you might need professional help. That said, online estimators are very convenient. Here are a few top ones used in the US:

1. **Zillow**: Zillow gives you a ‘Zestimate’, an estimate based on public and user-submitted data. It’s not an official appraisal but can provide a good starting point. It also offers advice on increasing your home’s value.

2. **Redfin**: Redfin’s estimates are a bit more accurate than Zillow’s on average. They gather a lot of data on local property markets and update it daily. Plus, their real estate agents can give free expert advice.

3. **ReMax**: AVM (Average Valuation Model) is one of two choices ReMax offers. For a more accurate idea, you can request a CMA (Competitive Market Analysis) from a ReMax Agent.

4. **Rocket Homes**: Offering a free CMA through their property reports, Rocket Homes connects customers directly with realtors and mortgage lenders.

5. **Realtor.com**: Instead of CMAs, Realtor.com offers AVM evaluations from several different providers, based on extensive market data.

6. **Trulia**: Providing estimates for specific properties, Trulia can be a go-to place for advice and useful property market information.

7. **HomeLight**: HomeLight pairs housing market data and personal insights to give a more specific and well-rounded view of your home’s value. It’s simple to use and their site is loaded with useful resources.

While these tools aren’t perfect, they can give you a base to start from. If you’re planning on selling, they’re a great way to get some free insights into your local market.

Regarding frequently asked questions:

* To determine the value of your house, you can use any of the above free online home estimator

* Zillow approximates that half of the houses get a selling price within 2% of Zillow’s estimation.

* Between Redfin and Zillow, Redfin tends to give a slightly more accurate estimation.

Remember, if you’re seriously looking to sell, make sure to ask a professional for help. Happy house hunting!

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